The members of The Howzidun Magic Club meet to demonstrate their conjuring skills and to entertain visitors, who pay an entrance fee at the door. The club also has a shop for the sale of conjuring tricks and props.

The club's Bank account for the year ended 30 June 2004 was as follows.

The club has 200 members. The annual subscription was $30 until 1 July 2003 when it was increased to $40. At 1 July 2003, 20 members had not paid their subscriptions for the year ended 30 June 2003 but, of these, 15 had paid their arrears of subscriptions by 30 June 2004. By 30 June 2004, all members had paid their subscriptions for the year up to date and some had paid their subscriptions for the year to 30 June 2005. 

Other assets and liabilities were:

The equipment at 1 July 2003 had been depreciated for five years by $1400 per annum. The new equipment is to be depreciated at the same annual percentage rate. The grant from the local council was the first instalment of an annual grant of $8000. The transfer to the Deposit account was made on 1 January 2004. Interest at 4% per annum is payable on 30 June each year. 

Required 

(a) Calculate the Accumulated fund at 1 July 2003. 

(b) Prepare the Club Shop Trading Account for the year ended 30 June 2004. 

(c) Prepare the Club Subscriptions account for the year ended 30 June 2004. 

(d) Prepare the Club Income and Expenditure Account for the year ended 30 June 2004. 

(e) Prepare the Club Balance Sheet at 30 June 2004.

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Balance at 1 July 2003 Subscriptions received Cash taken at door Shop takings Annual dance receipts Grant from local council Donations to the Disappeared Wizards Memorial Fund $ 16 800 10 730 9 456 12 348 3 720 4 000 4 000 Purchases of tricks and props Shop wages Cost of annual dance Purchase of equipment Secretary's expenses Transfer to Deposit account Tra Balance at 30 June 2001 666 57 720 t $ es 8 220 6 000 2 600 5 000 2 125 20 000 27 13 775 57 720